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Jason Lee Bakke

SBA writes off $18.6 billion in Covid-era loans amid oversight challenges

SBA writes off $18.6 billion in Covid-era loans amid oversight challenges

The Washington Business Journal is reporting SBA charged off $18.6 billion in Covid Economic Injury Disaster Loans (EIDL) in fiscal 2024, representing 6.5 percent of the active $287 billion portfolio. This charge-off rate is notably higher than traditional SBA disaster loans, which typically range between 1.5 and

Horizon cutting-room links: Thursday, 12 December 2024

Horizon cutting-room links: Thursday, 12 December 2024

“FAA Chief to Resign on Trump’s Inauguration Day,” Skift “FAA chief Mike Whitaker said Thursday he would resign on January 20, 2025, which is when President-elect Donald Trump will be inaugurated. Whitaker did not say why he was resigning.” “Google says its breakthrough quantum chip can’t break modern

Horizon cutting-room links: Wednesday, 11 December 2024

Horizon cutting-room links: Wednesday, 11 December 2024

DC weather: Mostly sunny. High near 47, with temperatures falling to around 38 in the afternoon. West wind 7 to 15 mph, with gusts as high as 18 mph. Federal agencies in the Washington, DC area are Open. Employees are expected to begin the workday on time. Normal operating procedures

A top-heavy Army?

A top-heavy Army?

A senior associate at the Kennedy School’s Belfer Center is up in Defense One arguing that the US Army is burdened by excessive headquarters, staffs, and a top-heavy officer corps, hindering its ability to meet the demands of the National Defense Strategy. The author points to the significant growth

Tanaq Government Services, LLC (B-422880)

Tanaq Government Services, LLC (B-422880)

You should not care. Category: Technical evaluation, cost or price evaluation, past performance. Date: 2 December 2024 URL: https://www.gao.gov/assets/b-422880.pdf Tanaq Government Services, LLC, protested GSA’s establishment of a BPA with Jones Lang LaSalle Americas, Inc., for facilities maintenance services at two federal buildings.

Phoenix Environmental Design, Inc. (B-422949)

Phoenix Environmental Design, Inc. (B-422949)

You should not care. Category: Simplified acquisition procedures Date: 9 December 2024 URL: https://www.gao.gov/products/b-422949 Phoenix Environmental Design, Inc. (PED), a service-disabled veteran-owned small business from West Richland, Washington, protested the award of a contract for grass seed to Walking Points Farms, LLC (WPF), RFQ #36C78624Q50406,